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Zhang Yaping has not been to Jianye for a while, Philips's business focus is not in Jianye, and when he comes to Jianye again, he is no longer the president of Philips Components in Greater China, but the new identity is senior vice president and president of the components department of Aida Group. Pen & Fun & Pavilion www.biquge.info

When I came to Jianye this time, I found that Jianye had changed so much in a short period of time.

"I really can't imagine," Zhang Yaping stood on the cemetery square on the north slope of Yangui Mountain and looked at the direction of Oak Garden and Xuefu Lane, "When I went on a business trip to Jianye the winter before last, I took a car through this area, in addition to the school buildings of Normal University and Dongda University, the north shore of Yangui Lake is completely no different from ordinary messy small towns, at that time Donghua Avenue had just been built, and there were messy houses along the street, just over a year, who would have thought that there would be such a magnificent scene, I see the near future, The place where we stand will become a famous observation deck in Jianye, and maybe ......"

Nearly 1,000 acres of land between the north shore of Yangui Lake and Normal University and Dongda have been developed, and the Xuefu Lane between Normal University and Dongda has also been completely demolished and rebuilt, and the construction of Hudong business district was started at the beginning of the year. At the time of the change of the leaves of the oak tree in early winter, a whole large area of land is flooded with rich colors such as golden red, golden yellow, mud yellow, light brown, etc., which is beautiful, as if wrapping a colorful shawl on the north shore of Hubei, the lake water of Yangui Lake is clear like a whole huge piece of jasper embedded at the foot of the mountain, and then it is continuous with the green college campus, there is no particularly strong sense of modern city, and the whole is like a super-large lakeside oak park.

In the east of the Oak Park area and the main construction site of the Hudong business district, high-rise buildings have risen from the ground, although most of the buildings are under intense construction, but you can also feel a strong modern urban atmosphere.

"......" Su Jindong smiled, he was very busy these days, he heard that the scenery looked beautiful from here, and he didn't have time to take a look, and said, "People who have spare men have been climbing since late September, and this oak garden is really worthy of its name...... Not to mention that looking down from the mountains, riding through the tall oak jungle feels quite comfortable, but in Ke Shao's opinion, the scale is still too small, I think he is thinking about the big oak orchards in the western United States, which are often tens of thousands of acres, hundreds of thousands of acres......

Hearing Su Jindong say this about Zhang Ke's ambition, Zhang Yaping also smiled shallowly, although China has a wide land and denser people, in the densely populated Jianye City, there can be such a pure land, which has made people satisfied.

Remembering that the year before last, I could still smell the stench of the lake water by passing by the Yangui Lake, and it was only two years, and the water of Yangui Lake was as clear as a huge piece of jasper embedded in the earth, which were all new scenes brought to the city by Kumho in the past year or so when it advanced into Jianye, Zhang Yaping looked at Su Jindong's pleasant demeanor with his hands crossed and looked at the scenery below the mountain, and thought: As one of the people who promote these changes behind the scenes, standing on the hillside and looking at the beautiful scenery in the distance, the pride in his heart is probably self-evident. With a faint smile, at this time, he could also more truly feel what kind of future awaits him when he integrates into Kumho, looking around, all of them are to participate in the senior management meeting Kumho Kumho senior management who arrived in Jianye a day earlier, and these people present can be said to be the choice of the world, and they have gathered under Kumho's banner in just three or four years.

Kumho system to AIDA, Kumho Commercial as the core structure of the whole system, qualified to participate in the senior management meeting of the senior management of the two member companies are also the majority of these two member companies, Aida Group has Chen Xinsheng, Su Jindong, Ding Huai, Cheng Hanzhang, Yang Yun, Lu Qingsheng, Tan Yunsong and other representatives of the attendees, of course, but also counting the new Kumho joined Kumho to take up important positions, although Kumho Commercial is only the first establishment, there are also including Sun Shangyi, Ye Jianbin, Ge Mingde, Xiao Jincheng, Jiang Wei, Zhou Yiping and other representatives of the attendees, in addition, Xinguang Paper by Zhou You, Zhou Fu was present, Xinguang Forestry was represented by Song Zhiyou, Zhongjing Microchip was represented by Liu Zhicheng, Xiang Xuehai was represented by Tao Xingjian, Chen Mo and Ye Xiaotong, Century Kumho Catering and Entertainment Group was represented by Shengqing, Century Kumho Real Estate was represented by Shao Zhigang, Hongyuan Industrial was represented by Zhang Zhifei, Yuexiu Holdings and Kumho Holdings were represented by Cai Feijuan, Aida Electronics was represented by Fu Jiajun, Shengxin Electric was represented by Shao Xinwen, and Kumho Economic Research Center was represented by Cui Guoheng...... In addition, Xie Wanqing, who attended on behalf of Haiyu Company, should be added. In addition to Zhang Ke, a total of 29 people were officially qualified to participate in the senior management meeting, and their participation in this meeting also confirmed their identity and status as core managers in the Kumho system.

Zhang Yaping looked at the crowd on the left and right, thinking that whoever picked out the twenty or thirty here could be called a temporary choice, but the soul figure who gathered them together was the young man who was less than twenty-one years old. Zhang Yaping turned around to find Zhang Ke's figure, and saw Zhang Ke and Xie Wanqing standing together and talking, oh, Xie Wanqing is used to being low-key on weekdays, and it is not noticeable, but it is undeniable that without her firm support, Kumho would not have a firm foundation for take-off, and Ye Jianbin , the Ye family behind Ye Jianbin can be said to be another firm foundation for Kumho's take-off.

How big was Kumho at this time?

After the floods in the summer of this year, in order to raise funds for the post-disaster reconstruction of Jiangnan Province, Zhang Ke and Xie Wanqing jointly transferred 6% of the equity of Aida Group to Guo, He, Ma, Chen and other Southeast Asian Chinese businessmen for US$120 million, and transferred 6% of the equity of Yuexiu Holdings for US$80 million, based on the price of this stock transfer, the market value of Aida Group exceeded US$2 billion, and the market value of Yuexiu Holdings exceeded US$1.3 billion. Yuexiu Holdings, the asset management company of the Kumho system, will decide to integrate Yuexiu Holdings into the investment and asset management department of Kumho Corporation, but these two simple figures are far from reflecting the huge structure and scale of the Kumho system, with the two member companies of Aida Group and Kumho Corporation.

Zhang Yaping officially left Philips on December 5, he did not give himself time to take a vacation, stayed in Haizhou for four days, and arrived in Jianye three days ahead of schedule, even if he officially took up the position of senior vice president and president of components of Aida Group. During these seven days, his main job was to familiarize himself with Kumho's entire structure.

Outsiders are most familiar with Kumho, of course, is AIDA Electronics.

At the beginning of 97, AIDA Electronics jointly launched SVCD disc technology with Deyi and Scober, and then AIDA Electronics separately launched SVCD disc technology and super-density SVCD disc technology, which determined the position of SVCD in the disc player market in emerging countries and regions where intellectual property protection is relatively relaxed; AIDA Electronics expects that the annual production of various types of disc players, mainly SVCD, will exceed 7 million units in 98, and the output value will exceed 10 billion yuan. Since Aida Electronics was established at the earliest, it will gradually not enjoy the preferential policy of tax reduction and exemption from 98 years, and will contribute nearly 600 million yuan in taxes to Haizhou City in 98 years. Although the Southeast Asian disc machine market is still suffering a heavy setback in 98 years, the competition in the domestic disc machine market is also very fierce, as the first disc machine brand of Aida Electronics in 98 years still completed the annual net profit target of 900 million yuan in the main business.

Due to the active shareholding increase plan of AIDA Group and Yuexiu Holdings, and the performance of AIDA Electronics' disc player business in the weak market, the performance of AIDA Electronics in the Hong Kong securities market is far better than that of other listed companies. Although the market capitalization of around HK$7 billion has fallen by 30% from its peak, the Hong Kong stock market is full of companies whose market capitalization has suffered more than half or even more than two-thirds.

Having been implementing an active shareholding increase plan, the shareholding ratio of Aidag Group and Yuexiu Holdings in AidaElectronics has increased from less than 30% to 48% in the past year.

This is probably what outsiders can directly know about Kumho, which holds a market value of about 3.4 billion Hong Kong dollars. For example, Kumho was able to share an additional $80 million in monopoly profits from disc decoding chips in 98 years, which is unknown to outsiders.

This is just the tip of the iceberg, if you can be more careful, from the third quarter financial report announced by Aida Electronics, you can see the financial situation of Huishan Xiangxuehai Electric Appliances this year, although Xiangxuehai has no dividend plan this year, and will not make a direct contribution to the annual net profit of Aida Electronics, but it can still be seen from the financial report of Aida Electronics that Xiangxuehai has taken off with the help of CCTV advertising king.

Kumho officially intervened in Xiangxuehai from the end of the spring of '96, and injected capital into Xiangxuehai twice through Aida Electronics and Yuexiu Holdings, so that Xiangxuehai, a national brand with a history of nearly 20 years in China, obtained sufficient development funds, and its net assets increased to 1.5 billion yuan in a short period of time, and the asset scale reached 3 billion yuan at the end of 97 years. In 98 years, Xiang Xuehai's brand advertising officially entered the prime time broadcast of CCTV, Xiang Xuehai's product sales changed from the decline of previous years, and regained the position of "Beihaier, South Xiangxuehai" in one fell swoop, the main business - refrigerators and freezers are expected to reach 3.6 billion in 98 years, combined with washing machines, air conditioning and other businesses, the total annual sales will reach 5 billion, after deducting the taxes paid, the annual net profit will still reach about 500 million yuan.

Of course, 5 billion sales and 500 million annual net profit is only the initial goal of Xiang Xuehai, 99 Xiang Xuehai will increase the development of domestic washing machines, air conditioning market and brand development depth, but also plans to extend to the upstream condenser and compressor industry, will also start the development of overseas markets, plans to achieve the goal of doubling the above two figures by the end of 99.

In addition to Aida Electronics' 25% stake in Xiangxuehai, Kumho also directly holds a 51% stake in Xiangxuehai through Yuexiu Holdings.

This is just the tip of the iceberg that outsiders can learn about Kumho through public information.

This was the first time that a senior management meeting was held, and in addition to discussing the integration of Yuexiu Holdings into Kumho Sho's investment and asset management division, it also reviewed the implementation process of Kumho System Integration Plan over the past period and confirmed the next steps of cross-shareholding.

In order to strengthen the sales of digital mobile phone terminals, the "100 cities and 100 stores" plan was also officially launched, Aida Group and Shengxin Electric invested a total of 500 million yuan to establish Shengxin Telecom to start the digital mobile phone franchise business, Aida Group provided 300 million yuan of funds, in exchange for 12% of Shengxin Electric's shares and Shengxin Telecom's 40% shares, in addition, the Ye family will further exchange with Zhang Ke, Xie Wanqing and others for Aida Group, Kumho Commercial and Shengxin Electric's shareholdings, in order to ensure that Shengxin Electric is gradually integrated into the Kumho system. In addition, negotiations are underway with the Huishan Municipal Government to acquire the remaining 24% of the shares of Xiangxuehai held by the Huishan Light Industry Bureau by Aida Group, and the complete privatization of Xiangxuehai Electric Appliances, which is also preparing for the next listing plan of Xiangxuehai.

In addition to the development of the largest mobile phone franchise enterprise in China, Shengxin Electric at this time has 88 home appliance stores, 28 of which are flagship stores with a business area close to or more than 10,000 square meters, employing a total of more than 12,000 people, with sales exceeding 12 billion, which is worthy of being the largest commercial enterprise in China, although it has adopted an extensive management model during the expansion period, and the annual net profit is as high as 700 million.

Once the Kumho system with Aida Group and Kumho Corporation as the core is formed, this system will directly control the world's largest disc player company AIDA Electronics, the fourth largest mobile phone manufacturer in China, the world's second largest portable music player manufacturer, the second largest instant storage disk manufacturer Aida Group, the largest papermaking enterprise in East China Xinguang Paper, the largest domestic forestry enterprise Xinguang Forestry, the largest domestic home appliance chain enterprise Shengxin Electric, the only wafer factory in China Zhongjing Microchip, the second largest refrigerator and freezer manufacturer in China Xiangxuehai, Compared with the above-mentioned member companies, Century Kumho Catering and Entertainment, Century Kumho Real Estate, and Hongyuan Industrial, which are indirectly controlled, are insignificant.

In order to sort out the complex rights and interests within the Kumho system, Zhang Yaping will feel a headache even if he gets the most direct information.

Zhang Yaping was also very curious: How many assets does Zhang Ke, a young man who is not yet twenty-one years old, have in his name at this time? Based on the price of the transfer of equity to the Guo, Chen, Ma, and He Chinese merchant families in Southeast Asia in mid-September, the total value of assets under Zhang Ke's name is about $25.6 billion, the assets of the Ye family represented by Ye Jianbin are about $800 million, the assets of Sun Shangyi and Ge Mingyu are about $400 million, Xie Wanqing is about $400 million, and Ge Mingjun is about $200 million. The core management personnel who are eligible to participate in the senior management meeting, except for Zhang Yaping, who is a new member of Kumho and has not yet obtained the equity of Kumho, the others are also very wealthy, among which Su Jindong and Ding Huai, the two veterans who have contributed the most to Kumho, have the most rich net worth, with assets of more than 100 million US dollars.

Based on this calculation, the core assets of the Kumho system have just reached $5 billion, which has to be compared in the international context, Kumho is really nothing, the scale of the debt of Samsung Group in 98 years is as high as 17 billion US dollars, Sony's market value is still above $30 billion even in the most serious economic crisis, Sony is only a Japanese electronics company controlled by the Mitsui chaebol; However, the senior management who attended the senior management meeting knew very well that the core value of the entire Kumho system would definitely be far more than 5 billion US dollars, and it could even have a significant impact on the economic and political situation of the Xiaojiang Basin.

Zhou You walked up to Zhang Yaping and Su Jindong, and said with a smile: "In a few tens or hundreds of years, when future generations study the modern economic history of China or the world, will this meeting be given such a shining title as the 'Meeting of 29'?" If we could, we would all go down in history......"

Zhou You's funny and proud demeanor, Zhang Yaping laughed, at this time Kumho does not need to hide his ambitions, especially the convening of this senior management meeting, which has marked that Kumho initially has the characteristics of a comprehensive industrial consortium.

"Ke Shao asked you to come over?" Su Jindong reminded Zhang Yaping to pay attention to Zhang Ke waving to this side in the distance, Zhang Ke stood with Chen Xinsheng, Xiao Jincheng and Tao Xingjian, president of Xiangxuehai Electric Appliance Group, and others, and traveled around to find someone to talk to, and Su Jindong accompanied Zhang Yaping to walk over.

"Xiang Xuehai should start the digital home appliance plan sooner rather than later," Zhang Ke looked at Su Jindong and Zhang Yaping coming over, and said, "Although we want to operate the dual brands ......of Aida and Xiangxuehai at the same time, but the internal integration can not be hindered because of different brands, and the negotiations with the Huishan Municipal Government should also be completed as soon as possible, and Aida will acquire the remaining shares of Xiangxuehai in the hands of Huishan Light Industry Bureau, in addition, the overseas market development of Xiangxuehai should also be started quickly, this part of the work, Of course, it will also be handed over to Kumho Corporation's overseas operation department to operate......" Zhang Ke patted Xiao Jincheng on the shoulder and said, "You will have a lot of pressure next year...... Kumho relies on the domestic market as the foundation, but whether it can achieve a real take-off, or have a sense of competition in the global market, only in the global market with Samsung, Sony, Panasonic, Nokia and other overseas electronics giants can stand still, in order to be considered successful, our success standard is to build a proud enterprise. ”

The sun will set, everyone will get on the car and go down the mountain in turn, and the evening dinner will be arranged in the staff restaurant of the Pioneer Park.